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  • #697,741
  • Sep 25, 2012 6:34pm Sep 25, 2012 6:34pm
Asia got little time to break the support I think. we saw middle eastern sovereigns and BIS buying around 1.29 level yesterday. think they will do it again today.
  • #697,742
  • Sep 25, 2012 6:38pm Sep 25, 2012 6:38pm
Quoting balanced2012
i think asia is pushing it higher 1.2940- 45 area !!
It is close. They are really trying to drop it.

But i am thinking that way as well.
They think they are smarter than I am.
  • #697,743
  • Sep 25, 2012 6:41pm Sep 25, 2012 6:41pm
Quoting Z3iz3i
It is close. They are really trying to drop it.

But i am thinking that way as well.
whatever it's doing, is annoying the crap out of me.
  • #697,744
  • Sep 25, 2012 6:43pm Sep 25, 2012 6:43pm
Quoting Z3iz3i
Something like 1.2830 aroundbouts if breaks down. Asia can but they wont.

Just 5min sellers tried hard.
The usual level of inactivity from 1500 EST thru Sidney to the first Tokyo half hour in situations like we have today (huge accumulation of underwater positions) - has always puzzled me.

I'd guess a very large number of traders were caught out the wrong way beginning a little after 1400 EST this afternoon by this protest thing. I'm sure that pile has grown quite a bit since then and yet large traders in that period seem to just peck a little at the booty, and it's only in the first Tokyo hour or later that someone comes along and swallows it in two or three huge bites (I assume that is how you believe we will get to 2830 or thereabouts).

Do have any clue about why it almost always happens this way when it would seem to be so easy to trigger a cascade of stops a little after 1700 EST? At least that's my puzzled view.
  • #697,745
  • Sep 25, 2012 6:45pm Sep 25, 2012 6:45pm
we may get some boost from EUR/JPY buying as we are near key levels 100.00 and 99.70
  • #697,746
  • Sep 25, 2012 6:48pm Sep 25, 2012 6:48pm
holding long with finger on close button.

japan style break.
slice it and move pip by pip.

let lets see if they can manage.

walker.
  • #697,747
  • Sep 25, 2012 6:51pm Sep 25, 2012 6:51pm
its because the aussies like to ride to ride on TY back, so they either wait for them or take it the opposite direction TY will just before TY open.
Quoting RWalker
The usual level of inactivity from 1500 EST thru Sidney to the first Tokyo half hour in situations like we have today (huge accumulation of underwater positions) - has always puzzled me.

I'd guess a very large number of traders were caught out the wrong way beginning a little after 1400 EST this afternoon by this protest thing. I'm sure that pile has grown quite a bit since then and yet large traders in that period seem to just peck a little at the booty, and it's only in the first Tokyo hour or later that someone comes along...
  • #697,748
  • Sep 25, 2012 7:00pm Sep 25, 2012 7:00pm
Quoting attila
its because the aussies like to ride to ride on TY back, so they either wait for them or take it the opposite direction TY will just before TY open.
But is the preference to "ride" a matter of money, expertise, some external service, or I don't know what?

It seems like they could make a fortune ... but they almost always take a pass.
  • #697,749
  • Sep 25, 2012 7:01pm Sep 25, 2012 7:01pm
Quoting RWalker
The usual level of inactivity from 1500 EST thru Sidney to the first Tokyo half hour in situations like we have today (huge accumulation of underwater positions) - has always puzzled me.

I'd guess a very large number of traders were caught out the wrong way beginning a little after 1400 EST this afternoon by this protest thing. I'm sure that pile has grown quite a bit since then and yet large traders in that period seem to just peck a little at the booty, and it's only in the first Tokyo hour or later that someone comes along and...
I think it is because position adjustment in respect to timing of emas, smas whatever lines algos are using.

It is this way confusing/time consuming and if traders position is underwater, it is about patience and nerves. That usually result to mistakes.
They think they are smarter than I am.
  • #697,750
  • Sep 25, 2012 7:01pm Sep 25, 2012 7:01pm
well, raised my TP to 1.2850..for first trade after holidays would be not bad...my pending heavy long still on 1.2750...good night compagniors!
  • #697,751
  • Sep 25, 2012 7:10pm Sep 25, 2012 7:10pm
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  • #697,752
  • Sep 25, 2012 7:15pm Sep 25, 2012 7:15pm
Quoting Z3iz3i
I think it is because position adjustment in respect to timing of emas, smas whatever lines algos are using.

It is this way confusing/time consuming and if traders position is underwater, it is about patience and nerves. That usually result to mistakes.

Okay, you're saying that extended period of inactivity is like a long, dark, scary tunnel where you have wait and wait and wait... makes ya crazy?

Interesting
  • #697,753
  • Sep 25, 2012 7:35pm Sep 25, 2012 7:35pm
Quoting xandi
well, raised my TP to 1.2850..for first trade after holidays would be not bad...my pending heavy long still on 1.2750...good night compagniors!
Hi Xandi,

Glad to see your still in your trade - I got out a bit early, but I couldn't manage it while I was away. Are you still thinking 1.2750 as your buy point?
  • #697,754
  • Sep 25, 2012 7:56pm Sep 25, 2012 7:56pm
Feels like .....well? Like something is happening.

Will have to see where this one goes.....
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  • #697,755
  • Sep 25, 2012 8:32pm Sep 25, 2012 8:32pm
finger off.

patient pay$$ off

walker.

Quoting stevewalker
holding long with finger on close button.

japan style break.
slice it and move pip by pip.

let lets see if they can manage.

walker.
  • #697,756
  • Sep 25, 2012 8:34pm Sep 25, 2012 8:34pm
Hi Steve!
Not all sins are created equal
  • #697,757
  • Sep 25, 2012 8:35pm Sep 25, 2012 8:35pm
hey walker

fine
you?


Quoting Jay Walker
Hi Steve!
  • #697,758
  • Sep 25, 2012 8:35pm Sep 25, 2012 8:35pm
Quoting almo
Feels like .....well? Like something is happening.

Will have to see where this one goes.....
Up then down then maybe, if I'm super super nice to Draghi, up again.
Not all sins are created equal
  • #697,759
  • Sep 25, 2012 8:35pm Sep 25, 2012 8:35pm
still in danger zone.

walker.

Quoting stevewalker
finger off.

patient pay$$ off

walker.
  • #697,760
  • Sep 25, 2012 8:36pm Sep 25, 2012 8:36pm
Quoting stevewalker
hey walker

fine
you?
Good!
Not all sins are created equal
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